Vinh Son - Song Hinh Hydropower JSC (HOSE:VSH)
Vietnam · Delayed Price · Currency is VND 40,600
-300 (-0.73%)
At close: Nov 3, 2026
HOSE:VSH Cash Flow Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 844,603 | 862,610 | 448,329 | 993,990 | 1,264,845 | 387,273 |
Depreciation & Amortization | 586,192 | 586,998 | 589,960 | 587,267 | 591,738 | 470,061 |
Loss (Gain) on Sale of Assets | -245.51 | 9,667 | -13,781 | - | 111,927 | - |
Change in Accounts Receivable | 147,329 | -108,620 | 604,455 | -380,421 | -295,694 | -390,611 |
Change in Inventory | -21,366 | 4,981 | -3,054 | -4,010 | 1,614 | 185.02 |
Change in Accounts Payable | -23,208 | 68,583 | -21,200 | -32,161 | - | 48,505 |
Change in Other Net Operating Assets | 928.49 | 3,236 | -955.96 | 193.34 | -1,279 | -1,877 |
Other Operating Activities | 21,407 | 14,362 | -27,226 | -86,656 | -167,527 | 232,262 |
Operating Cash Flow | 1,555,640 | 1,441,816 | 1,576,527 | 1,078,203 | 1,506,546 | 753,985 |
Operating Cash Flow Growth | 1.74% | -8.54% | 46.22% | -28.43% | 99.81% | 221.26% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -51,429 | -42,088 | -18,411 | -46,766 | -158,817 | -328,165 |
Sale of Property, Plant & Equipment | 112 | 112 | - | - | - | - |
Investment in Securities | -358,346 | -358,346 | -4,000 | 1,500 | 2,774 | - |
Other Investing Activities | 25,088 | 17,910 | 13,357 | 5,078 | 5,975 | 3,458 |
Investing Cash Flow | -233,983 | -382,413 | -9,054 | -40,188 | -150,069 | -324,707 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | - | 1,258,000 | - | 10,000 | - |
Long-Term Debt Repaid | - | -650,634 | -1,645,794 | -327,304 | -1,051,157 | -691,932 |
Net Debt Issued (Repaid) | -418,870 | -650,634 | -387,794 | -327,304 | -1,041,157 | -691,932 |
Issuance of Common Stock | - | - | - | - | - | 299,940 |
Common Dividends Paid | -945,028 | -708,724 | -944,979 | -708,724 | -236,241 | - |
Financing Cash Flow | -1,363,899 | -1,359,358 | -1,332,773 | -1,036,027 | -1,277,398 | -391,992 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -42,242 | -299,954 | 234,700 | 1,988 | 79,079 | 37,285 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,504,211 | 1,399,728 | 1,558,116 | 1,031,437 | 1,347,728 | 425,820 |
Free Cash Flow Growth | 1.63% | -10.17% | 51.06% | -23.47% | 216.50% | - |
Free Cash Flow Margin | 67.30% | 60.75% | 85.37% | 40.10% | 43.69% | 26.43% |
Free Cash Flow Per Share | 6397.66 | 5924.99 | 6595.44 | 4366.03 | 5704.88 | 1824.70 |
Levered Free Cash Flow | 1,266,717 | 979,924 | 922,334 | 1,410,714 | 787,178 | 286,441 |
Unlevered Free Cash Flow | 1,384,199 | 1,105,310 | 1,095,959 | 1,655,972 | 1,042,236 | 488,591 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 201,984 | 201,984 | 298,395 | 448,787 | 595,564 | 79,534 |
Cash Income Tax Paid | 73,737 | 73,737 | 78,440 | 129,991 | 97,761 | 53,581 |
Change in Working Capital | 103,683 | -31,821 | 579,244 | -416,398 | -295,360 | -343,798 |